5 reasons Oviedo is the best place to live in Central Florida

Oviedo Best Place to Live

When most people think of Central Florida, they immediately envision the perfect vacation spot. Numerous beaches are just a short drive away, and so is the excitement of Orlando’s famous theme parks. Fewer people realize that this also can be an incredible place to live. 

Oviedo Florida, in particular, is garnering all sorts of well-deserved praise from nationally recognized publications and the people who call it home. There are many reasons for this, including the friendly neighbors, economic opportunities, natural beauty and the chance to raise kids in a place where children and teens tend to thrive. 

It isn’t easy to define all of the reasons why Oviedo is the best place to live in Central Florida, but here are five that are high on the list. Any one of them might be a sufficient encouragement to call Oviedo home. When all of them are combined, it becomes difficult to think of a reason to not consider relocating to this charming spot in Central Florida. 

1. Schools 

Oviedo Florida is a great place to raise kids, and the secret is out. One of the main reasons why children and teens thrive in the region is the outstanding schools. They are in the well-respected Seminole County school district. 

In 2018, Niche.com declared Seminole County the third best school district in the state. Only St. Johns and Sarasota County School District ranked higher in the listing of all 67 statewide districts. The Niche.com findings gave Seminole an A+ in diversity, an A in academics, an A in college readiness and an A- in administration. The district also was awarded a B+ for health and safety, a B for teachers and a B- for resources and facilities. 

Newsweek also has heaped praise on the city’s schools. In 2013, the publication found that 90 percent of the district’s graduates were college ready. Back in 2003, Newsweek also stated that the district boasted five high schools that were among the top four percent in the country. 

Elementary and middle school students further have the benefit of being able to choose to attend charter or magnet schools instead of the public school which they are zoned to attend. Similarly, high school students have the option of applying to specialized programs and magnet schools. 

2. Parks 

Some people claim that living in Florida is like being able to enjoy summertime all year long. The climate, combined with the region’s stunning natural beauty, makes the region the ideal spot to enjoy outdoor recreation. Oviedo and Seminole County make this even easier by maintaining a wealth of parks and trails. 

The city manages a variety of public facilities that are aimed at keeping residents active and making it possible to enjoy outdoor spaces. At the gym and aquatic facility, families take advantage of a fully equipped fitness room, basketball courts, an Olympic-sized swimming pool and an indoor rock climbing wall. The splash zone and playground promise hours of fun for youngsters. 

Other city facilities include a sports complex with several fields and a playground. The various city parks further feature playgrounds, sports fields and courts and lakes stocked with fish. 

Residents also make the most of the region’s many trails. Bear Creek Nature Trail may be in the midst of suburban development, but it nonetheless provides an easy escape to the wilderness. Big Tree Park is the place to go if you want to stand in awe of towering cypress trees. The Econlockhatchee Sandhills Conservation Area features a beautiful, three-mile hike while Flagler Trail South has a pathway that explores an historic railroad route. 

Little Big Econ State Forest is a local treasure, including trails for hikers, cyclists and horseback riders. People who want to paddle the waters or fish in the streams are always welcome, and there are many attractive campsites. 

The Black Hammock Wilderness Area is another well-loved natural preserve. It offers a wonderful trail through dense native vegetation that is a joy for the whole family. The Lake Jesup East Tract is another popular trail choice. At just two miles in length, the whole family can easily appreciate this wilderness trek. 

Another favorite outdoor recreation spot in the area is managed by Seminole County. The Econ River Wilderness Area features a three-mile trail that rambles through a variety of landscapes. Visitors can expect to see all sorts of wildlife. Cycling, horseback riding and fishing also are popular here. 

3. The Community 

Oviedo Florida boasts an incredibly involved community of friends and neighbors. This up-and-coming city is perfect for growing families that are interested in living in a place where diversity is valued and the economy is strong. 

The city currently has an approximate population of 37,545. With the median age of residents being 35, this is a relatively young community. Median household income is $82,402 across the city, and the rate of home ownership is 77.8 percent, which is quite an improvement over the national average of 63.6 percent. Oviedo also is favored by having a fabulous location. Commuters can reach downtown Orlando by car with about a 30-minute drive. 

One of the things that makes Oviedo such an attractive place to live is the events that enliven the local calendar. The festivals begin in January with the Scottish Highland Games and continue in March with the street festival known as Taste of Oviedo in which the public gets to sample the best of the local restaurants. Other favorite events include Central Florida’s BBQ Blowout, the Winter Springs Festival of the Arts, a craft fair known as Great Day in the Country and a Jazz and Wine Festival. Local families also enjoy Movies in the Park and a selection of holiday events. 

While many of Oviedo’s residents commute to Orlando for work, there are others who stay closer to home. They have good reason for doing so because the city is known as one that is on the rise economically. Relocate America named the city a Top 100 City to Live In while Family Circle called it one of the best towns for families. Business leaders like that Oviedo is located along SeminoleWay, the state’s newest high-tech corridor. As such, industries such as digital media, simulation and medical sciences are thriving here. Oviedo’s leaders are committed to responsible, sustainable growth, which means that many entrepreneurs may settle here with a view to providing much-needed goods and services. 

People and publications are increasingly recognizing Oviedo Florida as an excellent place to live thanks to the strength of its community. A WalletHub survey concluded that Oviedo was one of the best places to live in Central Florida based on quality of life, economics and education. The HowMoneyWalks website named Oviedo one of the best places in the nation to raise kids thanks to the quality of its schools, the favorable tax structure, the high incomes, the affordable homes and the attractive climate. Relocate America also called Oviedo one of the best places to live in America. 

4. Property Value 

One of the things that really makes Oviedo stand out from other similarly sized cities is its healthy housing market. Neighborhoods like Lake Charm, Alafaya Trail/Carrigan Avenue, Emerald Green Circle/E. Mitchell Hammock Road and Old Lockwood Road/Fawn Run have seen steadily rising property values since 2000. 

Homes in Oviedo are overwhelmingly single-family dwellings. Nearly 86 percent of homes in the city fit this description with a further 6.6 percent of homes being apartment complexes. Most homes in the region are fairly new. Almost 70 percent of dwellings were constructed between 1970 and 1999. A further 27 percent have been built since the year 2000. Within the city, the majority of the homes have at least three bedrooms with four bedrooms being second. 

In the past year, property values in Oviedo have increased about 8.5 percent. Predictions indicate a further rise of 4.3 percent in the coming year. Home ownership in the city is a sound investment over the long term. 

5. Location 

Another fantastic reason to live in Oviedo Florida is its unique spot on the map. The city is centrally located and well connected by Florida’s highway system. This makes it easy to get almost anywhere in the state without much difficulty. 

Commuters love how easy it is to get to work in Orlando. The 417 can quickly be reached from just about anywhere in Oviedo. Taking this highway makes getting to Orlando a cinch. Oviedo’s spot on the map also is ideal for those who are employed in college education or who are seeking a degree. The University of Central Florida is just a 20-minute drive away. 

If you need to get almost anywhere within the state of Florida, then you’ll appreciate the city’s proximity to I-95. From nearly any location in Oviedo, it is a less than 30-minute ride to one of I-95’s on ramps. 

Oviedo also occupies an ideal location on the map because of its proximity to amazing recreation. A variety of beaches can be reached within about 30 minutes, and the excitement of Orlando’s theme parks can be discovered in less than a one-hour drive. 

Living in Oviedo is like a dream come true for many families. A low crime rate, excellent city facilities and an involved community are just a few reasons why people love to call this Central Florida city home.

Top Gyms in Oviedo and Winter Springs

Top Gyms in Oviedo and Winter Springs

Working out can feel like a burden if it’s been a while. Many people will wait to make it their new year’s resolution before they set foot in a gym for all of 3 weeks. But really, 80% of people who joined a gym in the beginning of the year quit within 5 months. Why wait for the new year? The best time to start is actually NOW

I love working out, if it’s the right workout. So I decided to test out different gyms all around Oviedo and some in Winter Springs and bring you my favorites, the pros and cons and then rate them on cleanliness, class offerings, hours open, customer service, caloric burn (intensity), and amenities.  

Before I start with my top choices for gyms in Oviedo/Winter Springs, let me begin with a few caveats to keep in mind as you hear my assessment of the gyms I’ve chosen from my experience:

Competitive

I’m competitive by nature and love aggressive, intense workouts with high intensity and training 

Bore Easily

I get bored easily and not a fan of monotony, especially in a workout. 

Disciplined

I program my schedule and discipline myself to go to the gym every workday and sometimes Saturday as well

Need Motivation

I have zero motivation in big box gyms and can do a great job staring at weights not knowing what workout to do and then when I do, just sandbag it and walk out with little satisfaction. 

Experienced

I’ve tried every workout you can imagine over the last two decades (from hot yoga, to rock climbing, contact boxing to Zumba) so finding something engaging and motivating can be a challenge for me. As a result, I have high expectations in a gym and workout. 

Looking for Change

This list is for the Oviedo/Winter Springs resident that is looking for a change, possibly has plateaued or just wants to know what’s out there that’s different from the same ol’ thing. 

Now, research has shown that when a gym is more than 15 minutes away, the consistency of attendance declines. Already as it is, consistency in a gym is low among members. To see good results at any of these gyms, please commit to at least 6 months. It takes time to develop strength and burn fat so be patient. That’s why it’s important to find a gym you connect with that motivates you and helps you reach your fitness goals.  

 

In this list you’ll note that I did not include big box gyms like the Zoo, LA Fitness, Planet Fitness, and 24 Hour Fitness. Everyone pretty much knows what they offer and the cost, but if you’re like me and need motivation to see results, the gyms below are worthy of your time.  

Our Top Picks… 

#1 TeamFit 45 

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Price: $50-200 (based on packages) 

Pros: Wonderfully high-energy intense workout. Heart monitor provided to track your heart rate and monitor your calories burned throughout your workout. Fun atmosphere. Feels like a team even though you can compete against yourself and others in your station. They have filtered water station and showers. The different stations keeps it fresh and a new workout is provided every day. They offer assessments and it’s definitely results driven. Personal training is offered. They have an app with your info and to register for classes. 

Cons: Communication wasn’t always easy. Distance from Oviedo residents.

Facts: High energy workout, heart monitor provided to track pulse and calories burned throughout workout. Lots of class times that work for different schedules. 

Website: teamfit45.com

#2 Orange Theory Oviedo

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Price: $159 (Unlimited classes)  

Pros: Unlimited assessments throughout the month to track your progress. High energy cardio and strength training. High energy music and coaching that is motivating and keeps you on track where ever you are physically. Showers and filtered water. They offer water bottles for $1. Follow up email with workout results, calorie burn, and tracking your progress. Class times offered. 

Cons: Cost can be a deterrent for many.

Facts: Unlimited package is $159 per month but they have different plans available. You have to buy a heart monitor but they let you use one if you don’t have it for your first class. This is the longest I have ever been on a treadmill (which I hate) but I stayed motivated and focused. Felt great at the end.

Website: oviedo.orangetheoryfitness.com

#3 My House Fitness Oviedo

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BEST PERSONAL TRAINING GYM

Price: $100+ (b
ased on personal training packages)  

Pros: Boutique gym that’s very personalized. Small classes. Personal training focused. They customize workouts to your needs and body. They do monthly assessments to track your progress. Towels and water bottles are offered but if you bring your water bottle, they have a filtered water station. Wipes available clean down your station. 

Cons: No showers and no open gym floor time. Classes are no high energy or high impact. Plenty of strength training, but not as much cardio throughout the week. 

Facts: Focus is more on personal training than classes. 

Website: myhousefitnessoviedo.com

#4 Riverside Fitness

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Price: $34.99 (unlimited gym use and classes) 

Pros: No contracts or initiation fees. Only $35 per month for unlimited classes and open gym. Class options are Boot Camp, Amrap and yoga. Boot Camp is well organized with a timer and offers a great full body workout. The members are all really nice and welcoming. Trainer goes around to make sure you’re doing the work out correctly. The yoga class was good. Sign-up is easy online and gets you connected with their MindBody app to register for classes. 

Cons: There are not a lot of class times, but the ones that are are convenient for most people’s schedules. Drinking fountain but no filtered water station or towels. Not really easy to connect immediately with staff. Not high energy classes overall, but good workout.

Facts: The open floor gym and the classes offered are in different buildings in the same shopping center. Showers are in the main gym facility. Great prices and definitely something to consider if you’re in it you live in the east part of Oviedo. Membership includes one personal training session a week for 30 minutes where you can go over something technical, accountability, or Nutrition. No childcare but was really cool to see two young kids joining their parents through the circuit. They modified workouts but they got to do it with their parents.

Website: riversidefitness419.com

#5 Crossfit Tough As Nails

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Price: Unlimited options = $100 (Student), $125 (First responders & teachers), $145 (regular option)  

Pros: If your competitive in nature this is a great work out for you. Classes are offered several times throughout the day for the WOD (workout of the day). Trainers care about technique and form. Very encouraging environment and supportive in teamwork. Aggressive workouts but can be tailored to your strength and ability. Showers available. 

Cons: If you don’t pay attention to the trainers, you can get very injured in the workout. The goal at Crossfit is to continue lifting and beating your personal record, so if you don’t want to lift heavy, this may not be the place for you.

Facts: This CF box offers MMA and Jiu Jitsu training. They focus on competition if that’s your goal. Every year they encourage the members to sign up for the Crossfit Open which is very encouraging for new and experienced members. If you’re looking to build muscle in a competitive atmosphere this is definitely a great option. They offer teachers and first responders discounts on memberships. 

Website: tlpnails.wpengine.com

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#6 Elite Boxing Fitness Center 

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BEST TECHNICAL BOXING GYM 

Price: $99+ (based on different training packages)  

Pros: Great atmosphere and family feel. Amazing work out. The most authentic boxing experience you’re going to have in Oviedo hands-down. This is definitely not your boxing class experience that you would get at a big box gym. This is a contact boxing gym so make sure to buy mouthguard and headgear. They’ll teach you the right technique and great training. Offer kids classes. 

Cons: No showers. Website is hard to navigate to find any information so it’s best to give him a call to find out the class times. Not a workout for everyone. 

Facts: Definitely not for the faint of heart. Very aggressive and intense. Water fountain, but no filtered water. I got punched in the face and left with a bruise. Didn’t like it but loved the intensity. Dorian is the owner and main trainer at this gym and he loves what he does. Definitely a lot of passion and the members love training here. 

Website: eliteboxingfitnessstudio.com

#7 9Round Fitness 

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*When I walked in I was a little confused because there’s no exact class time.  

Price: $75+ (based on different packages)  

Pros: You come and go as you please and you jump in and do nine rounds of three minutes each with 30 second break in between with a corporal work out. Different workout every day which makes it fun but definitely kickboxing and boxing is a focus. No class times so it’s good to go with a friend if you’re able and definitely good on flexibility for your schedule.

Cons: If there’s no one in the gym it can be a little lonely and not quite as competitive or exciting, but the evening is packed. If it is packed, you have to wait for the end of the round and to jump in. Water is a dollar and there is no water fountain. No showers and no towels. 

Facts: Different pricing packages available based on month-to-month, one year year, six week challenge or six month challenge.

Website: 9round.com/oviedo
 

#8 Title Boxing

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Price: $69+ (based on different packages)  

Pros: This place had very friendly staff, good hype-up music, showers, High-intensity cardio workout. Good central location in Oviedo off of Alafaya. They offer a section of free weights to do on your own. 

Cons: Insufficient classes in the early AM. One year contractual commitment and then month-to-month thereafter.Doing boxing and kickboxing over time may become redundant if you want more of a variety. 

Facts: This is a boxing/kickboxing gym. Need to buy gloves and wristbands. They have a water fountain but make sure to bring your own water bottle or you may be waiting in line after every round to catch a sip.

Website: titleboxingclub.com/oviedo

#9 Breakthrough Fitness

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Price: $100+ (based on different training packages)  

Pros: They offer some classes and you can take it with or without the class trainer. Really great customer service from the staff. Delicious shakes are made on the spot and sold at the gym. Staff really cares about your fitness journey. 

Cons: If you didn’t care for the workouts on the first three days, your motivation for returning to do the same workout later that week may wane. No showers or filtered water. 

Facts: Monday, Tuesday, Wednesday schedule is the same as Thursday, Friday, Saturday. AMRAP (As many reps as possible) workouts and high interval intensity training is the norm. Drinking fountain is provided. Intensity was not as high in the workouts as I would have liked. 

Website: breakthroughfitnessfl.com

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Honorable Mentions 

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YMCA Oviedo 

Beautiful facility with pool, childcare area, open gym, and classes. Great for the whole family with affordable prices. But again, if you are looking for results and need guidance and motivation this probably isn’t the best fit. 

Website: 
YMCA Oviedo

Anytime Fitness

Good alternative to big box gyms. It’s a more intimate feel but still has all the machines and weights needed. There are not a good amount of class offerings but they do have a nightly boot camp with packages. They offer group training and personal one on one training. Competitive rates and great for those disciplined to work out on their own. They even offer Hydro massage for an additional $10 a month. They are open 24 hours. One of the biggest differences between big box gyms and this anytime fitness in Oviedo is that it is family owned and very involved in the community.

 

I personally have not seen good results and big box gyms because of my need for motivation, but if you do this could be a really good alternative. 

 

Price: $30+ (depending on package)

Website: Anytime Fitness Oviedo

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To prove my point, I had a free 7-day pass and never made it out there because the 3 classes they offered clashed with my schedule and I personally have no drive or desire to workout on my own. 

Let’s Wrap This Up…

I’ve broken up these reviews based on my assessment. Some of the things that matter to me may not necessarily matter to you which is why I want to give you all the options. Whichever gym you choose, just make sure you love the style and feel of the gym so that you maintain consistency. 

 

Remember that beyond 15 minutes from your house you are less likely to commit to a gym and I want to make sure consistency is there. Don’t try a gym for a month and give up. Whichever one you choose make a commitment to be there for at least six months to a year in order to really see a difference. I recommend changing up the gym after a year and a half or when you start plateauing.

 

I’ve chosen my way to workout and stay in shape, what’s yours? Find a way to stay in shape and feel great this year!

Holiday Events in Central Florida 2018

HOLIDAY EVENTS IN CENTRAL FLORIDA
Christmas time is our favorite time of year. It’s a great time to be able to enjoy the lights and festivities with family and friends. Here are some of the local events happening in Central Florida that you don’t want to miss. Continue reading “Holiday Events in Central Florida 2018”

City of Oviedo’s 12 Days of Christmas

Oviedo 12 Days of Christmas

Celebrate the 12 Days of Christmas with the City of Oviedo through a little song with your iHeart Realty hosts, Jenelle Ferrer and Hilda Hernandez for the second year.

The 12 Days of Christmas is an Oviedo tradition with great events throughout the holiday season:

  1. November 29: Food Truck Thursday at Center Lake Part from 6-9pm. Tree lighting, food trucks and Santa
  2. November 30: The Nutcracker Performance by University Performing Arts Center – 6-8pm at Center Lake Park – FREE
  3. December 2: Build a Bear with Oviedo Medical Center for Nemours Children Hospital – 1-4pm
  4. December 5: Santa Paws at Dog Park in Center Lake Park from 6-8pm. FREE event.
  5. December 6: Dueling Pianos and Ugly Sweater Party 6-10pm– First 50 tickets $5, $10 until sell out. Availble on eventbrite.com
  6. December 7: Holiday Bingo at 7pm
  7. December 8: Snow Mountain revamped! Introducing Winterfest and OWS Chamber Holiday Parade. Parade starts at 3:30pm, Winterfest: 2-4pm VIP, 4-8pm General Public at Center Lake Park. Tickets on sale now.
  8. December 11: Santa’s Calling from 6-8pm
  9. December 14: Movie in the Park at Center Lake Park at 6:30pm. FREE event.
  10. December 15: Breakfast with Santa at Cultural Arts Center Lake Park from 9am-12pm. $10 adult, $6 child.
  11. December 16: Jingle Bell Run 5k at 8am
  12. December 21: Bonkerz Comedy Productions with Mike Charette. Cocktails 6-7:30pm, Comedian 7:30-9pm. Tickets available on eventbrite.com

For more information and locations visit www.CityofOviedo.net or call 407.971.5590

iHeart Realty by Waypointe Realty is a fun, engaging show that brings you real estate news through authentic, clear messaging, giving you what you need to know about today’s real estate market and events happening around town.

When working with real estate professionals, it’s important to choose someone who knows the area and is an expert in the market. At Waypointe Realty, we strive to stay educated about our market and understand our sellers and buyers, their needs and how we can best serve them in one of the most important decisions they’ll make.

We help clients all over Florida sell and buy their homes with ease. Our customers are the main reason that we have been successful as professional real estate agents in Central Florida. While we help clients all over Florida, we primarily work in the Orlando area with our office in Oviedo, Florida.

WE GUARANTEE TO SELL YOUR HOME OR WE’LL BUY IT!

So how do you get started with either selling or buying a home? Contact us for more information.

 

Orlando Housing Market Snapshot- October 2018

orlando housing market snapshot

Orlando home prices, sales rise as inventory continues to slip in September

One year after Hurricane Irma threw a wrench into the Orlando housing market, data from the Orlando Regional REALTOR® Association shows positive September-to-September comparisons for both sales and median price. Inventory, however, stayed on its year-over-year downward slide.

“The good news,” points out ORRA President Lou Nimkoff, “is that in September the actual number of homes available for purchase reached its highest point this year. The month-to-month increase in inventory, combined with the traditional autumn lull in sales, is an opportunity for those buyers who struggled with competition during the summer. In addition, fall home shoppers can also enjoy a bit more attention from REALTORS®, lenders, and other service providers who typically do not have quite as many clients to attend.”

Median Price

The overall median price of Orlando homes (all types combined) sold in September is $233,000, which is 3.6 percent above the September 2017 median price of $225,000 and 1.3 percent above the August 2018 median price of $230,000.

The median price for single-family homes that changed hands in September increased 3.8 percent over September 2017 and is now $254,250. The median price for condos increased 6.4 percent to $125,500.

Sales and Inventory

Sales of single-family homes (2,096) in September 2018 increased by 7.6 percent compared to September 2017, while condo sales (390) increased 23.4 percent year over year.

Sales of distressed homes (foreclosures and short sales) reached 124 in September and are 3.1 percent less than the 128 distressed sales in September 2017. Distressed sales made up just 4.5 percent of all Orlando-area transactions last month.

The overall inventory of homes that were available for purchase in September (8,092) represents a decrease of 6.4 percent when compared to September 2017, and a 3.6 percent increase compared to last month. There were 5.6 percent fewer single-family homes and 2.6 more condos, year over year.

Current inventory combined with the current pace of sales created a 2.9-month supply of homes in Orlando for September. There was a 2.3-month supply in August 2018 and a 3.4-month supply in September 2017.

The average interest rate paid by Orlando homebuyers in September was 4.66, up from 4.57 percent the month prior.

Homes that closed in September took an average of 48 days to move from listing to pending and took an average of 84 days from listing to closing.

Buyers

This is a great time where we see buyers coming out of hiding because inventory and pricing has stabilized. At Waypointe, you have access to properties not listed publicly as well as get properties before they come on the market. Buyers need the assistance of REALTORS® to help them compete against other buyers, for example by crafting attractive offers that take into consideration current appraisal issues and advising on contingencies, in addition to assistance through the many traditional functions that a buyers’ agent performs. Ready to start the homebuying process? We can help! Contact us today.

Sellers

Inventory and pricing has stabilized. If you’re looking to sell, we can help you get the MOST money from the sale of your home. Looking to relocate, move up to a larger home, purchase your first home or sell your rental? We can help. Contact us today!

Orlando Housing Market Snapshot- September 2018

Orlando housing market september

Orlando median home price continues to gain amid sales slowdown

The year-over-year median price for Orlando homes sold during the month of August continued on its years-long upward trajectory, albeit at a slower pace as dwindling inventory takes its toll on sales.

“Like across much of the country, sales are sliding in Orlando as would-be buyers are either priced out of the market or are deciding to postpone their search until more homes come on the market,” explains ORRA President Lou Nimkoff.

“Fortunately for us, our housing market is bolstered by a healthy economy, prices that compare favorably to other major cities, and a quality of life that attracts an influx of new residents by the thousands each year. In addition, our market benefits from international homebuyers who look to Orlando for investment and vacation properties.”

The overall median price of Orlando homes (all types combined) sold in August is $231,000, which is 2.7 percent above the August 2017 median price of $225,000 and 1.7 percent below the July 2018 median price of $235,000.

Year-over-year increases in median price have been recorded for the past 86 consecutive months; as of August 2018, the overall median price is 100.0 percent higher than it was back in July 2011.

The median price for single-family homes that changed hands in August increased 4.9 percent over August 2017 and is now $255,000. The median price for condos increased 12.0 percent to $125,975.

Sales and Inventory

Sales of single-family homes (2,583) in August 2018 decreased by 6.7 percent compared to August 2017, while condo sales (440) increased 3.3 percent year over year.

Sales of distressed homes (foreclosures and short sales) reached 121 in August and are 40.7 percent less than the 204 distressed sales in August 2017. Distressed sales made up just 3.6 percent of all Orlando-area transactions last month.

The overall inventory of homes that were available for purchase in August (7,808) represents a decrease of 11.6 percent when compared to August 2017, and a 3.8 percent increase compared to last month. There were 10.2 percent fewer single-family homes and 8.5 percent fewer condos.

Current inventory combined with the current pace of sales created a 2.3-month supply of homes in Orlando for August. There was a 2.2-month supply in July 2018 and a 2.5-month supply in August 2017.

The average interest rate paid by Orlando homebuyers in August was 4.57, down from 4.59 percent the month prior.

Homes that closed in August took an average of 49 days to move from listing to pending, and took an average of 85 days from listing to closing.

Pending sales in August are down 21.4 percent compared to August of last year and are down 6.1 percent compared to last month.

Buyers

This continues to be a challenging time for buyers in a market where prices are high and options are low. At Waypointe, you have access to properties not listed publicly as well as get properties before they come on the market. Buyers need the assistance of REALTORS® to help them compete against other buyers, for example by crafting attractive offers that take into consideration current appraisal issues and advising on contingencies, in addition to assistance through the many traditional functions that a buyers’ agent performs. Ready to start the home buying process? We can help! Contact us today.

Sellers

Inventory continues to drop and prices are steady– it’s a great time to sell, while being realistic with the value of your property! However, sellers should be aware that while selling their home is likely to be quick (particularly in the lower price categories) securing a new residence could be a challenge and requires the assistance of a REALTOR®. Those seeking to move up into larger, more expensive homes will have more choices and less competition than those seeking to downsize. If you would like to know the value of your home, we would love to help. Contact us today!

Oviedo, Florida Spotlight: iHeart Realty

Oviedo, Florida is a city located in NE Seminole County (Greater Orlando Area).

Oviedo on the Park is considered Oviedo’s newest downtown area. Oviedo was established in 1925 with a population of 800 residents. It is 16 square miles in Seminole County. Early settlers grew crops of celery and citrus and traveled to Orlando and Sanford to distribute the produce.

Fast forward to 2018, celery and citrus are no longer grown here in large farms as they were in 1925 and Oviedo has seen growth in different ways.

Stats in Oviedo:

  • Median Age: 34
  • Median Household Income: $79,786
  • Average Home Value: $292,612
  • Expected Population in 2022: 40,408
  • Current Population: 37,128

 

Many may consider Oviedo a sleeper community, but more and more industries are coming into this city. Restaurants, stores and boutiques are on the rise. School systems are among the top rated in the state drawing people from all over. New mixed use developments, commercial properties, residential single family homes, townhouses and apartments are available.

 

For more information to buy or sell in Oviedo, Florida contact us at 407.801.9914 or complete this form.

Subscribe to our channel and check out our other episodes like: https://www.youtube.com/watch?v=Nrmb3…

 

 

Orlando Housing Market Snapshot- August 2018

Decline in Orlando’s sales, inventory help stabilize home-price growth

Prospective homebuyers will be excited to learn that the rocketing rise in prices Orlando has seen over the past years stabilized this summer in the healthy single-digits. For the last three months, the year-over-year median price has increased between 6 and 7 percent.

The deceleration will help maintain a healthy housing market and protect Orlando’s affordability, especially as it compares to other cities around the country where prices are rising beyond the reach of buyers, explains ORRA President Lou Nimkoff:

“In addition, while prices have been rising steadily over the past seven years they have not yet reached pre-recession peak prices. Orlando homes purchased now still have room for normal appreciation, which makes a house a good investment.”

The overall median price of Orlando homes (all types combined) sold July is $235,000, which is 6.8 percent above the July 2017 median price of $220,000 and 1.3 percent below the June 2018 median price of $238,000.

The median price for single-family homes that changed hands in July increased 6.3 percent over July 2017 and is now $255,000.

The first-time homebuyers affordability index increased to 90.28 percent, from 88.80 percent last month.

Sales and Inventory

Members of ORRA participated in 3,383 sales of all home types combined in July, which is 0.1 percent more than the 3,381 sales in July 2017 and 2.3 percent less than the 3,461 sales in June 2018.

Sales of single-family homes (2,653) in July 2018 decreased by 0.2 percent compared to July 2017, while condo sales (398) increased 2.6 percent year over year.

Sales of distressed homes (foreclosures and short sales) reached 121 in July and are 42.1 percent less than the 209 distressed sales in July 2017. Distressed sales made up just 3.6 percent of all Orlando-area transactions last month.

The overall inventory of homes that were available for purchase in July (7,525) represents a decrease of 16.9 percent when compared to July 2017, and a 0.4 percent decrease compared to last month. There were 15.3 percent fewer single-family homes and 14.8 percent fewer condos.

Current inventory combined with the current pace of sales created a 2.2-month supply of homes in Orlando for July. There was a 2.2-month supply in June 2018 and a 2.7-month supply in July 2017.

The average interest rate paid by Orlando homebuyers in July was 4.59, down from 4.61 percent the month prior.

Buyers

This continues to be a challenging time for buyers in a market where prices are high and options are low. At Waypointe, you have access to properties not listed publicly as well as get properties before they come on the market. Buyers need the assistance of REALTORS® to help them compete against other buyers, for example by crafting attractive offers that take into consideration current appraisal issues and advising on contingencies, in addition to assistance through the many traditional functions that a buyers’ agent performs. Ready to start the homebuying process? We can help! Contact us today.

Sellers

Inventory continues to drop and prices are steady– it’s a great time to sell, while being realistic with the value of your property! However, sellers should be aware that while selling their home is likely to be quick (particularly in the lower price categories) securing a new residence could be a challenge and requires the assistance of a REALTOR®. Those seeking to move up into larger, more expensive homes will have more choices and less competition than those seeking to downsize. If you would like to know the value of your home, we would love to help. Contact us today!

Exterior Projects That Net You Cash

Thinking about making improvements to your yard? Here are the projects that provide the greatest return when you sell based on the 2018

Remodeling Impact: Outdoor Features report.

  1. Landscape Maintenance = 100%
  2. Overall Landscape Upgrade = 83%
  3. Tree Care = 100%
  4. New Wood Deck = 80%
  5. New Patio = 69%
  6. Landscape Lighting = 50%
  7. Fire Feature = 67%
  8. Irrigation System = 86%
  9. Outdoor Kitchen = 71%
  10. New Pool = 43%

Many times owners think that they’ll get more bang for their buck with improvements than they actually will. This infographic helps guide owners with what improvements can generate the highest returns.

Want to know what your home is worth? We can provide you with a FREE Home Valuation.

Oviedo on the Park

Oviedo’s Growth

As the migration of people continue to pour into Florida, Oviedo has seen a significant population increase. Because of this increase there has also been a steady stream of development, culminating with the largest planned development; Oviedo on the Park.  This is Oviedo’s newest development, and it includes houses, apartments, mixed-use retail, a spacious park with plenty of amenities and a central location that puts most of Florida within easy reach. Real estate in the area is bound to go fast, so act now to own a piece of this red-hot neighborhood.

Oviedo’s New Downtown

Oviedo on the Park is a brand-new development that’s situated just to the north of the city’s center. In fact, it’s being called Oviedo’s new downtown thanks to its collection of shopping, entertainment and residences. The undeniable highlight of the neighborhood is Center Lake Park, a five-acre community park on which Oviedo lavished nine million dollars. Its features include a playground and splash pad for the kids, a large lake complete with marina and boat house and a dog park. Also on site are a cantina, amphitheater and outdoor stage.

Oviedo on the Park

Of course, that’s not all that this new development has going for it. It also features a thriving mixed-use retail site that is packed with shops, bars, restaurants and service providers. All told, the neighborhood encompasses 108 acres that includes nearly 800 homes on site. Thousands of additional residences are located within easy walking distance. There’s even a brand new hospital with 120 rooms and a regional emergency room along with a medical office. No matter what you need, you’ll find it in your new neighborhood.

Things To Do

If you’re looking to settle in a community where you’ll never be bored, then this is the spot for you. Center Lake Park seems to always have something going on. The Oviedo Amphitheater & Cultural Center features a spacious ballroom and an amphitheater where performances are regularly presented. Oviedo in the park  hosts the annual Taste of Oviedo festival amongst other signature event. The whole family will find something delightful about the park with the paddle boats, lakeside promenade and wet deck. Keep your boat at the marina, and don’t forget to bring the family pet to the dog park. Salons, fitness centers, spas, shops and more are all located within easy walking or driving distance.

Dining

If you’re looking for a great meal, a yummy snack or a revitalizing cup of coffee, you’re in luck. It’s easy to get your Starbucks fix here, and major fast-casual eateries like Panera Bread, Chipotle Mexican Grill and Outback Steakhouse are all represented. Even better, you’ll have lots of local-favorite choices such as Maple Street Biscuit Company, Marlow’s Tavern, The Simple Greek and the 407 Café. Diners will also love The Food Factory, a collection of eight micro-restaurants with a bar in the center.

Real Estate

Real estate in this neighborhood is brand new and absolutely stunning. Many buyers are gravitating toward homes that are located in the center of everything. One of the most popular developments is Oviedo Park Terrace. These luxury townhomes offer owners the best in low-maintenance lifestyles. With four different designs from which to choose, there’s something for everyone. Features include two to four bedrooms, two-and-a-half to three-and-a-half baths and two-car garages. A pool and cabanas are available for all owners, and Center Lake Park is a short walk away. Act now, and you may be able to customize your townhouse any way you wish.

Many other opportunities to own single-family dwellings and condominiums also are available in the area. Discovering it all without an expert’s help would be difficult, which is why Waypointe Realty is offering to introduce you to real estate in Oviedo on the Park. All we need from you is a little bit of information regarding your price range and the features you’d prefer to see in your new home. Then, we’ll compile a list of suitable properties that you’re certain to love. Choosing which one you love the most will be the hardest part of the process, and Waypointe’s experts can guide you along the way.